Assumed Name Certificates, sometimes known as DBAs (Doing Business As), are documents that allow for the use of a fictitious business name other than your personal name, the names of your partners or the officially registered name of your LLC or corporation.
- An assumed name certificate is the document that must be filed when an assumed name is being used. Filing an assumed name certificate is what establishes the link between the assumed name and the person (sole proprietorship) or business entity (LLC or Inc) that uses the DBA/assumed name.
What is certificate of assumed?
In terms of assumption reinsurance, this is a certificate sent to each ‘transferor of risk’ or ‘ceding company’ to give the policy owner notice that: (1) the risk had been assumed, and (2) pertinent information about the new insurer, assuming company, or the REINSURER.
What does an assumed business name mean?
An assumed business name is any name your business uses to operate other than its legal name. In some states, you must file for an assumed name certificate if your company does business under anything other than its legal name (or owner’s name(s) in the case of a sole proprietorship or partnership).
How do I get a DBA certificate?
To do business under a DBA, you must complete and file the appropriate DBA forms and pay a filing fee, after which point you receive a DBA certificate. Depending on the state you may be able to file with a local or county clerk’s office, with a state agency, or both.
What means assumed name?
(law) a name under which a corporation conducts business that is not the legal name of the corporation as shown in its articles of incorporation. synonyms: DBA, Doing Business As, fictitious name. type of: name. a language unit by which a person or thing is known.
Do I need a certificate of assumed name?
When starting a new business, it is required by law that you file an Assumed Name Certificate/DBA when creating a Sole Proprietorship or Partnership. After completing the Sole Proprietorship form, you must then bring it to our office for recording.
Is assumed name the same as sole proprietorship?
Is DBA and sole proprietorship the same? Technically speaking, no. A sole proprietorship is a legal structure (like LLC or Corporation), and a DBA is not. A DBA is a legal requirement to operate your business with a trade name or a pseudonym different from your registered legal name.
Is assumed name the same as DBA?
An assumed name is also called a DBA (doing business as) name. Regardless of your form of business—corporation, limited liability company, partnership or sole proprietorship—you need to comply with your state’s assumed name statutes if you do business using any name other than your legal name.
What is the difference between assumed name and LLC?
The biggest difference between a DBA and an LLC is liability protection. Under a DBA, there is no distinction between the business owner and the business. On the other hand, an LLC provides limited liability protection. The business owners’ personal property remains completely separate from the business.
What is DBA example?
For example, business owner John Smith might file the Doing Business As name ” Smith Roofing.” Corporations and limited liability companies (LLCs) may register DBA names for specific lines of business. For example, Helen’s Food Service Inc. might register the DBA “Helen’s Catering.”
What are the disadvantages of a DBA?
Overall, the disadvantages of a DBA include:
- As an owner, you are personally liable for all debts accumulated by your business.
- As an owner, you do not exclusively own rights to your name.
How do I find a company’s DBA name?
Go to the local county court clerk where the company does business and present the business name that you are interested in. Ask the clerk if the name is a DBA for an organization. If the local county clerk cannot help you, check with a clerk at the secretary of state office.
How much is it to get a DBA in Texas?
The filing fee for registering a DBA or Fictitious name (Assumed Name Certificate) in Texas varies from county to county but averages around $15 per DBA for sole proprietors and partnerships and $25 for Corporations and LLCs.
Can you file Form 503 online?
To start the DBA process, you need to file a Form 503 – Assumed Name Certificate. The Assumed Name Certificate can be filed electronically via SOSDirect, by mail to the address in the Form 503 instructions, or delivered in person to the James Earl Rudder Office Building in Austin, Texas.
How do I look up a DBA in Texas?
There are three main ways to check business name availability in Texas.
- Call. You can call State Business Information at 512-463-5555.
- Online Database.
- Other Options.
- Identifies the Type of Business Entity.
- Distinguishable Name.
- Permitted Characters.
- Word Restrictions.